Morning Megawatt 12 August 2017

All-India RTC clearing price finally dropped below Rs 3.00/kWh after 5 consecutive sessions of high prices. The 8-day high sell bids volume and a decline in demand (a first in several Saturdays) led to this market situation. Over the last five sessions, supply has increased by 51% while price has fallen by 20%.

SOUTHERN REGION: Clearing prices in the southern region were sharply higher than prices in other regions. The shutdown of HDVC Talcher-Kolar, and the resulting import congestion from eastern region, seems to be the underlining reason for this price disparity. The congestion is expected to last at least till 14 August delivery.

WESTERN REGION: Maharashtra suffered outage of 930 MW capacity, including a 660 MW unit of Adani Power Tiroda, due to technical issues on 11 August.